Feigenbaum Foundation Inc
- Assets
- $77.6m
- Revenue
- $8.6m
- Investments
- $74.2m
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 04-3000345
Organization Overview
Feigenbaum Foundation Inc is located in Pittsfield, MA. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feigenbaum Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Feigenbaum Foundation Inc generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Feigenbaum Foundation Inc has awarded 459 individual grants totaling $27,942,763. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emil George President | 20 | $200,000 | |
Richard A Lombardi Treasurer | 15 | $60,000 | |
Michael Ferry Director | 10 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,647,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,971,188 |
| Capital Gain Net Income | $6,971,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,091 |
| Total Revenue | $8,621,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $366,222 |
| Other employee salaries and wages | $24,000 |
| Pension plans, employee benefits | $24,241 |
| Interest | $0 |
| Taxes | $178,849 |
| Depreciation | $1,043 |
| Occupancy | $39,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,075 |
| Total operating and administrative expenses | $1,240,611 |
| Contributions, gifts, grants paid | $3,735,104 |
| Total expenses and disbursements | $4,975,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,789 |
| Savings and temporary cash investments | $2,819,618 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,838 |
| Other assets | $12,230 |
| Total assets | $77,550,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,341 |
| Total liabilities | $9,341 |
Grants Awarded
Over the last fiscal year, Feigenbaum Foundation Inc has awarded $3,735,104 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE FAMILY YMCA PURPOSE: BUILDING RENOVATIONS | $750,000 |
UNION COLLEGE PURPOSE: BUILDING RESTORATION, PROFESSORSHIP, AND FORUM SPONSORSHIP | $500,000 |
North Adams, MA PURPOSE: ENDOWMENT/CAPITAL CAMPAIGN | $400,000 |
Pittsfield, MA PURPOSE: OPERATING SUPPORT | $300,000 |
BERKSHIRE MUSEUM PURPOSE: OPERATING SUPPORT | $200,000 |
BERKSHIRE COMMUNITY COLLEGE FOUNDAT PURPOSE: BUILDING REVOVATIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |